UK’s WH Smith lowers profit outlook, announces capital raise

A WH Smith logo is pictured in Manchester, Britain, May 26, 2023. REUTERS
June 10 (Reuters) – British travel ​retailer WH ‌Smith on Wednesday ​cut its ​annual profit forecast ⁠for ​the second ​time this year, as ​the ​Iran war disrupts ‌global ⁠travel and announced a capital ​raise ​representing ⁠20% of ​its ​share ⁠capital.

Reporting by Simone ⁠Lobo ​in ​Bengaluru; Editing by ​Ronojoy Mazumdar

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